SpatiaLight up 10% on news of contract with China's CEC

NEW YORK (CBS.MW) -- SpatiaLight
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shares climbed as much as 10 percent in early trade on news it has won a contract from China Electronics Corporation for 2000 display units. Novato, Calif.-based SpatiaLight said the display units comprise three microdisplays fitted onto a light engine designed in cooperation with Fuji Photo Optical. The units are for use in high definition televisions and rear projection monitors. SpatiaLight signed an initial memorandum of understanding with CEC in October 2001. Shares were trading up 38 cents, or 9.3 percent, at $4.49, having earlier touched a high of $4.65.

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